BELGIUM OFFSHORE INFORMATION

EU country which in some circumstances is useful as a holding company location.

CORPORATE LEGISLATION SOURCE	Civil Law - Co-ordinated laws of 30 November 1935
COMPANY STATUS	Private Limited Company - 'SPRL'
USUAL MINIMUM CAPITAL	Bfr 750,000 of which Bfr 250,000 and 20% of each share
COMPANY NAME	Any name as long as it is not similar to an existing business or likely to mislead
TIME TAKEN TO INCORPORATE	3 weeks
ARE SHELF COMPANIES AVAILABLE	No
CAPITAL DUTY	None, but must pay 0.5% of capital on incorporation as a registration tax
MINIMUM NUMBER OF SHAREHOLDERS	Two
ARE BEARER SHARES / SHARES OF NO PAR VALUE POSSIBLE?	Yes, provided they are held by a custodian such as Fiduciary Trust Limited / Yes
DIRECTORS: MINIMUM NUMBER / CORPORATE DIRECTORS ALLOWED / LOCATION	One / Yes / No restriction
SECRETARY: MANDATORY / CORPORATE SECRETARY ALLOWED / LOCATION	No / Yes / No restriction
IS THERE A REQUIREMENT FOR A REGISTERED OFFICE / REGISTERED AGENT	Yes / No
IS THERE A REQUIREMENT BY THE AUTHORITIES PRIOR TO INCORPORATION OR PRIOR TO TAX STATUS BEING GRANTED	Share Capital requirement must be evidenced with bank certificate
INFORMATION AVAILABLE ON PUBLIC FILE	Registered Office / Directors / Activities / Share Capital
DOCUMENTS TO BE KEPT AT REGISTERED OFFICE	Accounts
CORPORATE BOOKS AND SEAL	Must have above registers / Not obligatory
ACCOUNTS REQUIRED / FILED	Yes / Yes with National Bank of Belgium
ANNUAL RETURN REQUIRED	No
WHERE ARE MEETINGS TO BE HELD	No restrictions, but AGM must be in Belgium
ANNUAL FEES PAYABLE TO THE GOVERNMENT: TAX / ANNUAL RETURN FILING FEE	39% / Nil
ARE THERE ANY EXCHANGE CONTROLS	No
DOUBLE TAX TREATIES	Numerous